Consider a $1,000 par value bond with a maturity of 8 years and a coupon of...
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Consider a $1,000 par value bond with a maturity of 8 years and a coupon of 7%. If you require a return of 9% on the bond what is the maximum price you would pay for the bond? Consider a $1,000 par value bond with a maturity of 8 years and a coupon of 7%. If you require a return of 9% on the bond what is the maximum price you would pay for the bond?
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Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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